Anonymizing Bitcoin?

General
21

You can buy Monero on this website:

and at stores on websites that support Monero.

I haven’t tried it myself yet, because I’m still learning how to pay with Monero and how to do so safely.

I have Cake Wallet on my phone and Monero Wallet on my PC.

22

The topic is Bitcoin privacy, not where to find merchants who accept it.

1 Like
24

As someone newer to the cryptocurrency space, it seems like there are a lot of loops to jump to get the similar guarantees on anonymity using just Bitcoin Lightning, when it seems easier to prefer BTC → Monero if a merchant accepts Monero.

I think the real question I have is: without involving additional third parties, where does Bitcoin Lightning fall short from Monero? And can this reasonably be acceptable given more or less strict threat models?

1 Like
25

The problem is that Bitcoin acceptance is allready very rare, and to find some shop that accepts Monero is a lot harder.

  1. If you don’t have your own node that your Lightning node can view your balances and transactions (the same goes for monero when you hand over your view keys)
  2. There are some attacks on Lightning privacy like probing or if the first and the last hop are the same entity.

The most private options for people that don’t have a node is to use Cashu

1 Like
26

Final dummy question: what are the risks of using Cashu with Bitcoin (Lightning I presume) vs using any generic wallet, transferring to Monero, and paying with Monero?

27

The risks is that the mint could suddenly go out of business for some reason.
Therefore Cashu should not be used for savings money, only for spending money.
Cashu is like physical Cash that your carry on person, you can use it so pay fast, cheap and private but you shouldn’t carry your life savings in your pocket.

28

Bitcoin privacy 101

  1. Payjoin
  2. Joinstr
  3. Submarine swaps
  4. Silent payment links
  5. USE LIGHTNING via core-lightning and amboss? LSP.. ¿

Colcard mk4 + electrum

I am writing a book and I believe lightning is more secure and private than monero from any POV.

29

>Lightning is more private than monero, and as it backed by bitcoin

(from your link)

I don’t understand the argument. Sounds like something a Bitcoin Maxi would say without elaborating further.

30

The book itself is the eleboration you can find the specific sections of the book by browsing the repo